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Director Flores Rafael sold 1,500 shares of Ameren Corp. [AEE]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ameren Corp. shares valued at $106,935 were sold by Flores Rafael on Jun 07 ’24. At $71.29 per share, Flores Rafael sold 1,500 shares. The insider’s holdings dropped to 13,768 shares worth approximately $0.98 million following the completion of this transaction.

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Also, Diya Fadi M sold 10,000 shares, netting a total of over 745,000 in proceeds. Following the sale of shares at $74.50 each, the insider now holds 56,781 shares.

Before that, Lindgren Mark C had sold 4,000 shares from its account. In a trade valued at $302,120, the EVP & Chief HR Officer of Sub traded Ameren Corp. shares for $75.53 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $3.13 million.

As published in a research note from Barclays on May 30, 2024, Ameren Corp. [AEE] has been rated up from an Equal weight to an Overweight and the price target has been revised to $77 from $73. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in early April. As of January 04, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for AEE. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AEE stock which previously was a “an Overweight”.

Analyzing AEE Stock Performance

During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, Ameren Corp. shares have dropped approximately -1.65%. Shares of the company reached a 52-week high of $76.15 on 05/15/24 and a 52-week low of $67.03 on 02/13/24. A 50-day SMA is recorded $72.62, while a 200-day SMA reached $73.54. Nevertheless, trading volume fell to 0.79 million shares from 2.59 million shares the previous day.

Support And Resistance Levels for Ameren Corp. (AEE)

According to the 24-hour chart, there is a support level at 70.13, which, if violated, would cause prices to drop to 69.69. In the upper region, resistance lies at 71.42. The next price resistance is at 72.27. RSI (Relative Strength Index) is 48.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 52.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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